Tata Trusts Propose Merging Two Firms with Tata Sons
Tata Trusts proposed merging Tata Consulting Engineers (TCE) and Tata Electronics Systems Solutions Pvt. Ltd (TESS) into Tata Sons. Both firms have clean shareholding and significant revenues, helping Tata Sons avoid classification as an NBFC without changing its shareholding. TCE is a direct subsidiary, and TESS is owned via Tata Electronics, making the merger simpler as both are unlisted and wholly owned within Tata Sons.
HT Business·3h ago


